Sending 130$ , with a transaction fee of million !

xenon131

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Activity: 491

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Nihil impunitum

Quote from: ?? on ??

Quote from: bits4books on June 13, 2020, 08:26:23 AM

~

There are rumors that it was still not a mistake and the story is related to extortion and fraud - it was not a single transaction and in General it all looks very strange and stupid... Apparently, the case here is not as simple as it seemed initially.

Yeah, that was Vitalik's assumption, i.e. attacks of hackers on exchange the aim being to blackmail it. In that guess what I don’t understand is" the partial access to exchange key". How it is possible to have the capacity for sending transaction with any fee and at the same time to be incapable to withdraw fund with the normal fee. I must have gotten Vitalik's thoughts mixed.

Although I can’t compare myself to Vitalik but looks like his "blackmail" assumption doesn't up to scrutiny. Reputable blockchain researchers expressed doubts that is basically consistent with mine. The stirring transactions remain an enigma so far.

omone1

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Activity: 845

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In all my ethereum transactions ranging from tens of dollars to thousands of dollars, I have never being charged as high as $50, as a suggested fee, the highest I think I have been charged should be $35 on Metamask trying to trade on a new project platform. I declined it however and would later have to set my preferred fee. What happened to this person is either an error or he didn't check well. I can't say it's a deliberate action.

thanhloancvn

newbie

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Perhaps it was an act of money laundering or charity. Because the mining fee belongs to only 2 groups of miners

Thomas-s

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Proof-of-Stake Blockchain Network

Quote from: Desscount on June 13, 2020, 09:24:46 AM

this will be a big problem for Etherum, if they don't fix this problem, chances are the ethereum platform will be increasingly avoided,
Fee is very expensive and the community is disappointed

I think that people are already starting to constantly avoid this blockchain. I know a lot of people creating their projects and none of them even think of using the Ethereum blockchain. everyone wants fast and cheap transactions

amos77978

copper member

Activity: 351

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I suspect this should be a miner giveaway.. cause i dont see how such mistake could happen.. when you're transferring your funds via metamask or mew the gas fee is set automatically or else the user choose to increase or decrease the amount of transaction fee.. but if this is a mistake.. I only pray he/she dont end up committing suicide

Desscount

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ComboLabs

this will be a big problem for Etherum, if they don't fix this problem, chances are the ethereum platform will be increasingly avoided,
Fee is very expensive and the community is disappointed

bits4books

sr. member

Activity: 854

Merit: 264

Crypto is not a religion but i like it

Quote from: Natalim on June 12, 2020, 10:11:26 AM

Owning a lot of money will also require us to be knowledgeable or be very careful when it comes to transacting online.
We know crypto is different from traditional banking, it's decentralized and transactions are irreversible.

I guess for a person to make this costly mistake if there is, he might be drunk or something.

Quote from: bits4books on June 12, 2020, 10:03:48 AM

I hope that the owner of the money will be asked for a "buyout" - because to be so stupid is simply inexcusable so that he will pay the tax on stupidity.
If you got so much money and don't look at the numbers you're typing in it means you're not very smart.

Quote

I hope this case will teach him something.

That's for sure, losing millions of money for a simple mistake is something one cannot easily forget.

There are rumors that it was still not a mistake and the story is related to extortion and fraud - it was not a single transaction and in General it all looks very strange and stupid... Apparently, the case here is not as simple as it seemed initially.

Baoanhbmt

jr. member

Activity: 117

Merit: 1

That's a huge mistake, like all of us here I also wonder what kind of wallet he is using for him not to notice that he is using a very huge fee for a very small amount. How can someone do that? Does he want to be a part of some dark history of Etherium?
Therefore be careful before making a transaction, because most people do not check before making a transaction. Such as wallet address,
number of coins, and transaction fees. These three things must be considered, because many people make mistakes in all three of these
things

meanwords

full member

Activity: 1624

Merit: 163

Quote from: Yaunfitda on June 11, 2020, 06:06:51 PM

Quote from: billykannithi on June 11, 2020, 12:36:55 PM

I think this is a trick to get attention. Because in order to have such a huge fortune (over $ 2 million), every transaction needs to be very careful and carefully checked, so that confusion is not possible. Therefore, I still think this is just a way to draw attention to crypto

Of course, with this kind of mistakes and as blockchain is transparent, sooner or later it will draw some attention. But I doubt that it was done by mistakes, this is very shady and the only reason that this individual did this is to hide something and colluding or conspiring with the miners with his illegal wealth here. Very intelligent move, but sorry everything is being seen in blockchain.

I think it will draw some attention but some might see this in a negative way. Like for example, if they somehow did make this kind of mistake, then there's no turning back. You just wasted your money and there's no authority that could help you since transactions are irreversible like for example, Bitcoin.

Also with this kind of shady move, people will more likely to stereotype cryptocurrency as illegal. We don't really know if this was intentional or not but one thing is certain, hit is a pretty stupid thing to do, even if it's intentionally trying to launder money or not.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: Dart18 on June 12, 2020, 10:50:53 AM

Obviously, he knows what he is doing.
You don't f*ck things up like that even when you are drunk.

Is it really for good will or is it just another man who is seeking attention.
That happens when you are rich for a long time. Grin

There are so many speculations about this, there is another similar transactions like this and it happen days apart, people say there is a compromise another one said it was intentional because it's coming from a hacked account, honestly it's hard to understand how this things happen because the funds is outrageously high, and there's no explanation yet, and we cannot trace who did it.

Dart18

sr. member

Activity: 1400

Merit: 259

Obviously, he knows what he is doing.
You don't f*ck things up like that even when you are drunk.

Is it really for good will or is it just another man who is seeking attention.
That happens when you are rich for a long time. Grin

joinfree

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Activity: 1274

Merit: 260

1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

It's pretty weird how this transaction was made in the first place. i mean some wallets would actually let you know that you are paying necessarily high fee for a transaction. I think this is part of the reason why the fees for making eth transactions have increased lately.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Owning a lot of money will also require us to be knowledgeable or be very careful when it comes to transacting online.
We know crypto is different from traditional banking, it's decentralized and transactions are irreversible.

I guess for a person to make this costly mistake if there is, he might be drunk or something.

Quote from: bits4books on June 12, 2020, 10:03:48 AM

I hope that the owner of the money will be asked for a "buyout" - because to be so stupid is simply inexcusable so that he will pay the tax on stupidity.
If you got so much money and don't look at the numbers you're typing in it means you're not very smart.

Quote

I hope this case will teach him something.

That's for sure, losing millions of money for a simple mistake is something one cannot easily forget.

bits4books

sr. member

Activity: 854

Merit: 264

Crypto is not a religion but i like it

I hope that the owner of the money will be asked for a "buyout" - because to be so stupid is simply inexcusable so that he will pay the tax on stupidity.
If you got so much money and don't look at the numbers you're typing in it means you're not very smart. I hope this case will teach him something.

sayulita

hero member

Activity: 881

Merit: 500

CyberTrade

Quote from: doctor877 on June 11, 2020, 04:28:54 PM

This seems to be the highest level of error I have seen in this space and I feel it's intentional. You can't just use that has gh amount as transaction fee and not plan it. Well the miners will be lucky. But it's obviously not a mistake.

The mining pool has blocked all the miners funds and are willing to do a 50-50 split with the owner of the wallet if he comes out and asks for the funds. This is the best thing that I like about cryptocurrencies, there were also numerous incidences in the past where a person interchanged the amount of coins that he wanted to send with the fees used and that time too the pool that confirmed the transaction was also willing to give the funds back to the owner of those coins. Lets see if the owner comes foreword or the funds will be given to those lucky miners.

Pomogator

full member

Activity: 616

Merit: 100

I even saw the transaction itself. She is now shown everywhere. I will say more, recently there was a second transaction for about the same amount. Most likely he is in a binge

Or they stole the key from the Eth wallet. He will not give such large sums himself.

Thomas-s

hero member

Activity: 1274

Merit: 500

Proof-of-Stake Blockchain Network

I think that all these transactions that look like a mistake are some very well-thought-out schemes for money laundering or some other fraud. I doubt that the person who has earned so much ETH can not mistaken in the commissions.

Sendi blackspade team

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Activity: 941

Merit: 100

Quote from: luckyflop on June 12, 2020, 06:00:14 AM

Quote from: Moeda on June 12, 2020, 05:23:58 AM

I see a lot of cases that occur regarding transaction fees. Especially on the Ethereum blockchain. Is Ethereum Blockchain in trouble right now. Because this will be dangerous for other transactions if we do without caution.

It was a purposeful action. There will never be a transaction fee of nearly $ 2.6 million, my trading fee sometimes goes up but it never goes over 2$

is this making the ethereum transaction costs increase and slower lately? GAS is becoming more expensive than usual but transaction speeds are slow. what happened to ethereum?

masterrex

full member

Activity: 1820

Merit: 107

I think it's just an honest mistake 2.6 million dollars for a transaction fee is quite big to handle, It was a crazy thing I'm sure after the owner of that wallet realized what he was done, I'm sure he will break something in here house thats for sure. I remember it was not the first time that someone sends a small amount of cryptocurrency But with a million dollar transaction fee, Now I believe that history repeats itself.

Iyanu14

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Activity: 795

Merit: 10

Quote from: fiulpro on June 11, 2020, 09:23:31 AM

Apparently today at 4 , a millionaire who was holding Millions in his wallet (ETH) just sent out 130$ to an address but yeah with a fee of 2.6 million Dollars !

I know this is not related to Bitcoins therefore I apologize in advance if the topic has to be moved. But what's related to us is this ridiculous transaction fee !

Why do you think this happened?

1. The guy was for sure High or Drunk
2. The guy wanted to make some miners lucky , this time it was a company located in China

https://www.coindesk.com/whale-sent-130-ether-transaction-fee

The guy is still a millionaire and does hold a lot . Does that mean they were trying to support the Mining community by giving out pre-christmas present for them ? Or is it something he did and will realize later .

A generous offer by the same company states that : if it was indeed a mistake they might help the guy in recovering some amount.

What I wanted to talk about is :
Why only this company?
Isn't it fishy , because back something like same happened with them and they did split up 50/50 with the sender .

Is it possible that they are somehow regulating these things ? Has the Mining industry starting involving themselves in scams ? But then again something doesn't add up here .

I was shocked too when I read this in a couple of days ago. Is the person sleeping or didn't have the time to check the transaction fees because he has a lot in his wallet. Whichever way it may be, it was a very costly mistake, perhaps if the money is not refundable. The support team has actually promised to return the money after proper verification, let's see how it goes.

Topic: Sending 130$ , with a transaction fee of million ! (Read 772 times)